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Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
 The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to continue”, according to apex industry body SIMA.
Sponge Iron Manufacturers Association (SIMA) Executive Director Deependra Kashiva said India is expected to report a 60 per cent quarter-on-quarter (q-o-q) fall in its sponge iron output during the July-September 2021 period, amid the ongoing coal crisis.
As per the JPC data, the sponge iron production growth in April-June 2021 was 70 per cent, compared with January-March 2021. This is expected to come down by 60 per cent to a level of 10 per cent in the second quarter ended September 30, 2021, due to the coal crisis, he said without providing any figures.
“If the situation is allowed to continue…if the shortage of coal is allowed to continue then I am expecting that in Q3 (October-December), the growth will be negative,” Kashiva told PTI in a telephonic interaction.
He said the JPC data for September will be released by the next week.
The Joint Plant Committee (JPC), under the Ministry of Steel, is the only institution that collects and maintains data on the Indian steel and iron sector.
Speaking further on the situation, he said Coal India Ltd (CIL) recently announced to give coal to only thermal power plants.
“They have said that except for the power sector, we are stopping supply to all industry users, and sponge iron and cement are the two big consumers after the power sector,” the Kashiva said.
He added that the industry consumes about 40 million tonnes of coal annually and has provided three lakh direct and indirect jobs.
Sponge iron or direct reduced iron (DRI) is used in producing semi-finished steel items, ingots and billets, which are further used to make various finished steel items. Coal is a key raw material used to produce sponge iron.
“The production is coming down. The players are using the coal in their inventory…but if the situation continues, the sponge iron industry will be in trouble,” he added.
Source: Press Trust of India
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Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it an ...
Thursday, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has ...
Thursday, 25 November 21
FITCH RATINGS INCREASES MOST GLOBAL METALS AND MINING PRICE ASSUMPTIONS - FITCH RATINGS
Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to glob ...
Thursday, 25 November 21
CHINA'S COAL PRICE DROPS IN MID-NOVEMBER AMID GOVERNMENT’S SWEEPING MEASURES - GLOBAL TIMES
China’s coal prices have dropped significantly in mid-November compared with the beginning of the month, with the price of coking coal and co ...
Wednesday, 24 November 21
MARKET INSIGHT - INTERMODAL
Inflation is the word that has dominated the meetings of foreign leaders and finance ministers in recent weeks, as rising energy costs, supply chai ...
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- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
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- Petrochimia International Co. Ltd.- Taiwan
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- Thai Mozambique Logistica
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- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
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- Kartika Selabumi Mining - Indonesia
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- Oldendorff Carriers - Singapore
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- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
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- New Zealand Coal & Carbon
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- Mercuria Energy - Indonesia
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- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
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- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- McConnell Dowell - Australia
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- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
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- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
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- Larsen & Toubro Limited - India
- Economic Council, Georgia
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- Singapore Mercantile Exchange
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- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- The University of Queensland
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- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
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- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
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- Directorate General of MIneral and Coal - Indonesia
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- Energy Development Corp, Philippines
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- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
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- Electricity Generating Authority of Thailand
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- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
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- Planning Commission, India
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- Bangladesh Power Developement Board
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- IEA Clean Coal Centre - UK
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- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
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- The Treasury - Australian Government
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- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
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